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golden shield holdings ind (2123) Details

Golden Shield Holdings (Industrial) Limited engages in the production and sale of cotton yarns and grey fabrics. The company operates in two segments, Textile Products and Trading Materials. It sells its products in 12 provinces and municipalities in the southern and eastern regions of the People’s Republic of China. The company was founded in 2001 and is headquartered in Xianyang City, the People’s Republic of China.

golden shield holdings ind (2123) Key Developments

Golden Shield Holdings (Industrial) Limited announced that its Board announced that Mr. Pang Pui Hung Paton tendered his resignation as the company secretary and the financial controller of the company with effect from 13 February 2015 due to his personal affairs. Upon his resignation, Mr. Pang ceased to be the authorised representative of the company for the purpose of the Listing Rules and the service of the process and notices under the Hong Kong Companies Ordinance with effect from 13 February 2015. The Board also announced that Mr. Lee Pak Chung ("Mr. Lee") has been appointed as the Company Secretary and the Chief Financial Officer with effect from 13 February 2015. In addition, Mr. Lee has been appointed as the Authorised Representative with effect from 13 February 2015. Mr. Lee has over 20 years of experience in auditing, accounting and financial management with international public accounting firms and with Hong Kong listed companies.

The Board of Golden Shield Holdings (Industrial) Limited announced the following changes to the Board and the composition of various board committees: Mr. Chan Chi Wai Benny tendered his resignation as an independent non-executive Director with effect from 12 January 2015. Upon his resignation, Mr. Chan ceased to be a member and chairman of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee with effect from 12 January 2015; and Mr. Lui Wai Ming has been appointed as an independent non-executive Director, a member and chairman of the Audit Committee, and a member of each of the Nomination Committee and the Remuneration Committee with effect from 12 January 2015. The Board also announced that Mr. Chan Chi Wai Benny tendered his resignation as an independent non-executive Director with effect from 12 January 2015 due to his other commitments. Upon his resignation, Mr. Chan ceased to be a member and chairman of the Audit Committee, and a member of each of the Nomination Committee and the Remuneration Committee with effect from 12 January 2015. Mr. Chan has confirmed to the Board that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the Shareholders. The Board has resolved to appoint Mr. Lui Wai Ming has been appointed as an independent non-executive Director, a member and chairman of the Audit Committee, and a member of each of the Nomination Committee and the Remuneration Committee with effect from 12 January 2015. Mr. Lui, aged 44, has extensive experience in auditing, accounting, investment, financial and corporate management for over 20 years. Mr. Lui was appointed as an independent non-executive director of Tai Shing International (Holdings) Limited on 22 May 2014. Mr. Lui has entered into a service contract with the company for a term of one year from 12 January 2015. He will hold office until the next general meeting and will be subject to retirement by rotation and re-election in the next general meeting of the company and then at least once every three years at the annual general meeting in accordance with the bye-laws of the company.

Golden Shield Holdings (Industrial) Limited announced that Mr. Chan Yuk Tong has been appointed as a non-executive Director, a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee and an authorised representative of the company Companies Ordinance with effect from 16 June 2014 and Chan Chi Wai, Benny has been appointed as an independent non-executive Director, a member and chairman of the Audit Committee, and a member of each of the Remuneration Committee and the Nomination Committee with effect from 16 June 2014. Chan has over 25 years of experience in auditing, accounting, managerial and financial consultation experience. Chan is an independent non-executive director of Ausnutria Dairy Corporation Ltd, Global Sweeteners Holdings Limited, Ground Properties Company Limited. B Chan, has over 20 years' experience in auditing, accounting and financial management. B Chan is the company secretary of Shanghai Qingpu Fire-Fighting Equipment Co. Ltd. The Board also announced that Mr. Pang Pui Hung Paton has been appointed as the company secretary and the financial controller of the company with effect from 16 June 2014. Pang, has been engaged in provision of consultancy services in accounting and financial management.

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